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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Firstsource Solutions Limited</name>
        <lei>335800UFBBNPDIZWQX32</lei>
        <title>FIRSTSOURCE SOLUTIONS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE684F01012"/>
        </identifiers>
        <balance>51200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>134028.89000000</valUSD>
        <pctVal>1.019057931008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCL ELECTRONICS HOLDINGS LIMITED</name>
        <lei>5299000Y9D001SNNTJ48</lei>
        <title>TCL ELECTRONICS HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8701T1388"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>48409.82000000</valUSD>
        <pctVal>0.368072965535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDIABULLS HOUSING FINANCE LIMITED</name>
        <lei>335800A2A3G53ZQZTQ21</lei>
        <title>INDIABULLS HOUSING FINANCE L COMMON STOCK</title>
        <cusip>Y3R12A119</cusip>
        <identifiers>
          <isin value="INE148I01020"/>
        </identifiers>
        <balance>3100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>11474.77000000</valUSD>
        <pctVal>0.087245782420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AFRICAN RAINBOW MINERALS LIMITED</name>
        <lei>529900L3TPSCK8ZVZ589</lei>
        <title>AFRICAN RAINBOW MINERALS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000054045"/>
        </identifiers>
        <balance>4300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>87736.00000000</valUSD>
        <pctVal>0.667080557296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BERMAZ AUTO BERHAD</name>
        <lei>N/A</lei>
        <title>BERMAZ AUTO BHD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5248OO009"/>
        </identifiers>
        <balance>49200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.22000000"/>
        <valUSD>17604.74000000</valUSD>
        <pctVal>0.133853603654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIA CORPORATION</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>KIA CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000270009"/>
        </identifiers>
        <balance>1300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>94483.81000000</valUSD>
        <pctVal>0.718385983293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DB HiTek Co.,LTD</name>
        <lei>N/A</lei>
        <title>DB HITEK CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000990002"/>
        </identifiers>
        <balance>1200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>63638.34000000</valUSD>
        <pctVal>0.483859525310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGILE GROUP HOLDINGS LIMITED</name>
        <lei>549300ZRISRT38EEYY07</lei>
        <title>AGILE GROUP HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG011981035"/>
        </identifiers>
        <balance>48000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>52501.88000000</valUSD>
        <pctVal>0.399186005396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUNLUN ENERGY COMPANY LIMITED</name>
        <lei>5299007GRIKP15GM4927</lei>
        <title>KUNLUN ENERGY CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG5320C1082"/>
        </identifiers>
        <balance>82000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>70908.42000000</valUSD>
        <pctVal>0.539135911491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALDAR PROPERTIES PJSC</name>
        <lei>N/A</lei>
        <title>ALDAR PROPERTIES PJSC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEA002001013"/>
        </identifiers>
        <balance>70700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67315000"/>
        <valUSD>76414.77000000</valUSD>
        <pctVal>0.581002181057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SNT MOTIV CO.,LTD</name>
        <lei>N/A</lei>
        <title>SNT MOTIV CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7064960008"/>
        </identifiers>
        <balance>900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>48041.73000000</valUSD>
        <pctVal>0.365274277626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HACI OMER SABANCI HOLDING ANONIM SIRKETI</name>
        <lei>78900090FFOWNLGP0F20</lei>
        <title>HACI OMER SABANCI HOLDING COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRASAHOL91Q5"/>
        </identifiers>
        <balance>40700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>45791.12000000</valUSD>
        <pctVal>0.348162280578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENGAN INTERNATIONAL GROUP COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>HENGAN INTL GROUP CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4402L1510"/>
        </identifiers>
        <balance>13000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>77202.22000000</valUSD>
        <pctVal>0.586989376562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Suntien Green Energy Corporation Limited</name>
        <lei>529900JAYC5BYZPWOK13</lei>
        <title>CHINA SUNTIEN GREEN ENERGY-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000TW9"/>
        </identifiers>
        <balance>215000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>111219.06000000</valUSD>
        <pctVal>0.845628619115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUALICORP CONSULTORIA E CORRETORA DE SEGUROS S.A.</name>
        <lei>N/A</lei>
        <title>QUALICORP CONS E CORR SEG SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRQUALACNOR6"/>
        </identifiers>
        <balance>3000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>14803.44000000</valUSD>
        <pctVal>0.112554561469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Telkom Indonesia (Persero) Tbk</name>
        <lei>529900M5SQZAOKV1PC81</lei>
        <title>TELKOM INDONESIA PERSERO TBK COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000129000"/>
        </identifiers>
        <balance>389800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14462.50000000"/>
        <valUSD>87325.98000000</valUSD>
        <pctVal>0.663963064247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEN DING TECHNOLOGY HOLDING LIMITED</name>
        <lei>549300H7R4K33675UP38</lei>
        <title>ZHEN DING TECHNOLOGY HOLDING COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG989221000"/>
        </identifiers>
        <balance>11000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>41104.95000000</valUSD>
        <pctVal>0.312532061566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCEANA GROUP LIMITED</name>
        <lei>378900F056B8F0D7F416</lei>
        <title>OCEANA GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000025284"/>
        </identifiers>
        <balance>16600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>70835.73000000</valUSD>
        <pctVal>0.538583229744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REC LIMITED</name>
        <lei>335800B4YRYWAMIJZ374</lei>
        <title>REC LTD COMMON STOCK</title>
        <cusip>Y73650106</cusip>
        <identifiers>
          <isin value="INE020B01018"/>
        </identifiers>
        <balance>19400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>39391.79000000</valUSD>
        <pctVal>0.299506442350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGBOARD LAMINATES HOLDINGS LIMITED</name>
        <lei>529900B76JV9QCZINB33</lei>
        <title>KINGBOARD LAMINATES HLDG LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5257K1076"/>
        </identifiers>
        <balance>36000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>71989.35000000</valUSD>
        <pctVal>0.547354514878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wistron Corporation</name>
        <lei>254900DIEONKUALBFM06</lei>
        <title>WISTRON CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003231007"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>49615.59000000</valUSD>
        <pctVal>0.377240761235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA EVERBRIGHT BANK COMPANY LIMITED</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>CHINA EVERBRIGHT BANK CO L-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001QW3"/>
        </identifiers>
        <balance>127000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>43307.62000000</valUSD>
        <pctVal>0.329279557818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA LESSO GROUP HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>CHINA LESSO GROUP HOLDINGS L COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2157Q1029"/>
        </identifiers>
        <balance>31000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>64543.86000000</valUSD>
        <pctVal>0.490744438985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dongfang Electric Corporation Limited</name>
        <lei>529900ISAW6T566F0R12</lei>
        <title>DONGFANG ELECTRIC CORP LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000304"/>
        </identifiers>
        <balance>76200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>64422.13000000</valUSD>
        <pctVal>0.489818892844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WANT WANT CHINA HOLDINGS LIMITED</name>
        <lei>5299005HZCEKX4O1J230</lei>
        <title>WANT WANT CHINA HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9431R1039"/>
        </identifiers>
        <balance>155000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>104514.78000000</valUSD>
        <pctVal>0.794654163491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HCL TECHNOLOGIES LIMITED</name>
        <lei>549300C1F8OLYSOQYB65</lei>
        <title>HCL TECHNOLOGIES LTD COMMON STOCK</title>
        <cusip>Y3121G147</cusip>
        <identifiers>
          <isin value="INE860A01027"/>
        </identifiers>
        <balance>6700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>92282.00000000</valUSD>
        <pctVal>0.701645025854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELKOM SA SOC LIMITED</name>
        <lei>N/A</lei>
        <title>TELKOM SA SOC LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000044897"/>
        </identifiers>
        <balance>7500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>21694.39000000</valUSD>
        <pctVal>0.164948319633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AES Gener S.A.</name>
        <lei>549300IF4IFG0FS0RM26</lei>
        <title>AES GENER SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CL0001880955"/>
        </identifiers>
        <balance>210700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="758.88500000"/>
        <valUSD>27070.31000000</valUSD>
        <pctVal>0.205822894604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yuanta Financial Holding Co., Ltd</name>
        <lei>21380045JG57LJEFFE13</lei>
        <title>YUANTA FINANCIAL HOLDING CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002885001"/>
        </identifiers>
        <balance>124800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>113353.12000000</valUSD>
        <pctVal>0.861854454965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Petroleum &amp; Chemical Corporation</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>CHINA PETROLEUM &amp; CHEMICAL-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002Q2"/>
        </identifiers>
        <balance>312000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>142928.65000000</valUSD>
        <pctVal>1.086725215368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RADIANT OPTO-ELECTRONICS CORPORATION</name>
        <lei>N/A</lei>
        <title>RADIANT OPTO-ELECTRONICS COR COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006176001"/>
        </identifiers>
        <balance>13000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>49043.45000000</valUSD>
        <pctVal>0.372890625942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRY GARDEN HOLDINGS COMPANY LIMITED</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>COUNTRY GARDEN HOLDINGS CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG245241032"/>
        </identifiers>
        <balance>54000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>52810.72000000</valUSD>
        <pctVal>0.401534199516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOPCO SCIENTIFIC CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOPCO SCIENTIFIC CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0005434005"/>
        </identifiers>
        <balance>16000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>74092.62000000</valUSD>
        <pctVal>0.563346246023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KGINICIS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>KGINICIS CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035600006"/>
        </identifiers>
        <balance>1700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>31923.49000000</valUSD>
        <pctVal>0.242722935853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vina Concha y Toro S.A.</name>
        <lei>N/A</lei>
        <title>VINA CONCHA Y TORO SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP9796J1008"/>
        </identifiers>
        <balance>44300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="758.88500000"/>
        <valUSD>76996.78000000</valUSD>
        <pctVal>0.585427360632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOTRANS LIMITED</name>
        <lei>5299005U1RZLKVFWR249</lei>
        <title>SINOTRANS LIMITED-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004F1"/>
        </identifiers>
        <balance>215000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>79402.66000000</valUSD>
        <pctVal>0.603719917520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LSV TRI-PARTY REPO MORGAN STANLEY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LSVREPOL"/>
        </identifiers>
        <balance>198863.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198863.09000000</valUSD>
        <pctVal>1.512009903606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <clearedCentCparty centralCounterparty="LSV TRI-PARTY REPO" isCleared="Y"/>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01000080</repurchaseRt>
          <maturityDt>N/A</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>202014.44000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>202841.86000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALE S.A.</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>VALE SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRVALEACNOR0"/>
        </identifiers>
        <balance>4200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>88463.50000000</valUSD>
        <pctVal>0.672611936723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINE DRAGONS PAPER (HOLDINGS) LIMITED</name>
        <lei>529900TBMYEYJ2LEV906</lei>
        <title>NINE DRAGONS PAPER HOLDINGS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG653181005"/>
        </identifiers>
        <balance>57000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>71807.90000000</valUSD>
        <pctVal>0.545974901411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haier Smart Home Co., Ltd.</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>HAIER SMART HOME CO LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000048K8"/>
        </identifiers>
        <balance>22400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>76673.34000000</valUSD>
        <pctVal>0.582968158759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWER GRID CORPORATION OF INDIA LIMITED</name>
        <lei>3358009SHWZ3DZEQ4Z56</lei>
        <title>POWER GRID CORP OF INDIA LTD COMMON STOCK</title>
        <cusip>Y7028N105</cusip>
        <identifiers>
          <isin value="INE752E01010"/>
        </identifiers>
        <balance>20666.66620000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>47532.08000000</valUSD>
        <pctVal>0.361399270719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASPEN PHARMACARE HOLDINGS LIMITED</name>
        <lei>635400ZYSN1IRD5QWQ94</lei>
        <title>ASPEN PHARMACARE HOLDINGS LT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000066692"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>29578.91000000</valUSD>
        <pctVal>0.224896459458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hana Pharm Co Ltd</name>
        <lei>N/A</lei>
        <title>HANA PHARM CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7293480000"/>
        </identifiers>
        <balance>1210.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>22616.82000000</valUSD>
        <pctVal>0.171961804616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Value Added Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>VALUE ADDED TECHNOLOGY CO LT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7043150002"/>
        </identifiers>
        <balance>1400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>43816.56000000</valUSD>
        <pctVal>0.333149166403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Quality Houses Public Company Limited</name>
        <lei>N/A</lei>
        <title>QUALITY HOUSES PUB CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0256A10Z04"/>
        </identifiers>
        <balance>394900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.86750000"/>
        <valUSD>26432.80000000</valUSD>
        <pctVal>0.200975733506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIMPLO TECHNOLOGY CO., LTD.</name>
        <lei>N/A</lei>
        <title>SIMPLO TECHNOLOGY CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006121007"/>
        </identifiers>
        <balance>4000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>52780.26000000</valUSD>
        <pctVal>0.401302603891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA LONGYUAN POWER GROUP CORPORATION LIMITED</name>
        <lei>5299008UYLF3O6V9T464</lei>
        <title>CHINA LONGYUAN POWER GROUP-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000HD4"/>
        </identifiers>
        <balance>79000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>147607.50000000</valUSD>
        <pctVal>1.122299778438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.</name>
        <lei>213800U3Y9UL7Y4QVM11</lei>
        <title>MOTOR OIL (HELLAS) SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS426003000"/>
        </identifiers>
        <balance>1400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84299000"/>
        <valUSD>22519.84000000</valUSD>
        <pctVal>0.171224439425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO DO ESTADO DO RIO GRANDE DO SUL S.A.</name>
        <lei>254900W2BN097WLYIM20</lei>
        <title>Banco do Estado do Rio Grande do Sul SA PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBRSRACNPB4"/>
        </identifiers>
        <balance>36000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>83774.78000000</valUSD>
        <pctVal>0.636962329371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THAIFOODS GROUP PCL - WNT</name>
        <lei>N/A</lei>
        <title>THAIFOODS GROUP PCL - WNT TERMS 1:1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="BYVTKL4WT"/>
        </identifiers>
        <balance>43110.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="THB" exchangeRt="32.86750000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>THAIFOODS GROUP PCL - WNT</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>N/A</issueTitle>
                <identifiers>
                  <other otherDesc="Other" value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>43110.00000000</shareNo>
            <exercisePrice>5.50000000</exercisePrice>
            <exercisePriceCurCd>THB</exercisePriceCurCd>
            <expDt>2024-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>0.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eastern Company SAE</name>
        <lei>N/A</lei>
        <title>EASTERN CO SAE COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EGS37091C013"/>
        </identifiers>
        <balance>62000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="15.70500000"/>
        <valUSD>46285.17000000</valUSD>
        <pctVal>0.351918676462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thaifoods Group Public Company Limited</name>
        <lei>N/A</lei>
        <title>THAIFOODS GROUP PCL COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6717010008"/>
        </identifiers>
        <balance>526500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.86750000"/>
        <valUSD>73686.77000000</valUSD>
        <pctVal>0.560260458613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVATEK MICROELECTRONICS CORP.</name>
        <lei>N/A</lei>
        <title>NOVATEK MICROELECTRONICS COR COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003034005"/>
        </identifiers>
        <balance>1000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>18272.84000000</valUSD>
        <pctVal>0.138933348803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHOUGANG FUSHAN RESOURCES GROUP LIMITED</name>
        <lei>529900OPUNJYLOX4OL37</lei>
        <title>SHOUGANG FUSHAN RESOURCES GR COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0639031506"/>
        </identifiers>
        <balance>85364.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>21530.07000000</valUSD>
        <pctVal>0.163698950194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSY GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>SSY GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8406X1034"/>
        </identifiers>
        <balance>94000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>60359.15000000</valUSD>
        <pctVal>0.458926956094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JUBILANT INGREVIA LIMITED</name>
        <lei>335800TH97UX82XBKJ30</lei>
        <title>JUBILANT INGREVIA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE0BY001018"/>
        </identifiers>
        <balance>4400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>35080.56000000</valUSD>
        <pctVal>0.266726993652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KT&amp;G Corporation</name>
        <lei>988400ZJV6ISYBLQX875</lei>
        <title>KT&amp;G CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7033780008"/>
        </identifiers>
        <balance>500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>35774.83000000</valUSD>
        <pctVal>0.272005716394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SPOLKA AKCYJNA</name>
        <lei>2594008YSYXYOTBSQL93</lei>
        <title>POLSKIE GORNICTWO NAFTOWE I COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLPGNIG00014"/>
        </identifiers>
        <balance>46300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.85250000"/>
        <valUSD>75546.22000000</valUSD>
        <pctVal>0.574398360299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK TELECOM CO.,LTD</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK TELECOM COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7017670001"/>
        </identifiers>
        <balance>400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>104672.90000000</valUSD>
        <pctVal>0.795856392653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIPSHOP HOLDINGS LIMITED</name>
        <lei>549300I9F52K06HPZX60</lei>
        <title>VIPSHOP HOLDINGS LTD - ADR DEPOSITARY RECEIPT</title>
        <cusip>92763W103</cusip>
        <identifiers>
          <isin value="US92763W1036"/>
        </identifiers>
        <balance>500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8315.00000000</valUSD>
        <pctVal>0.063221195790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Corp.</name>
        <lei>N/A</lei>
        <title>LG CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7003550001"/>
        </identifiers>
        <balance>638.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>52249.16000000</valUSD>
        <pctVal>0.397264506827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NMDC LIMITED</name>
        <lei>335800IXHXOHQ7B2HP66</lei>
        <title>NMDC LTD COMMON STOCK</title>
        <cusip>Y62393114</cusip>
        <identifiers>
          <isin value="INE584A01023"/>
        </identifiers>
        <balance>32600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>79380.77000000</valUSD>
        <pctVal>0.603553481925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI GLOVIS Co., LTD.</name>
        <lei>988400U6RDXNJ5ZRN304</lei>
        <title>HYUNDAI GLOVIS CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7086280005"/>
        </identifiers>
        <balance>240.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>40582.48000000</valUSD>
        <pctVal>0.308559580729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCIENTEX BERHAD</name>
        <lei>N/A</lei>
        <title>SCIENTEX BHD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL4731OO005"/>
        </identifiers>
        <balance>112600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.22000000"/>
        <valUSD>111532.70000000</valUSD>
        <pctVal>0.848013308935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWERLONG REAL ESTATE HOLDINGS LIMITED</name>
        <lei>549300R3K12EPXCGDP22</lei>
        <title>POWERLONG REAL ESTATE HOLDIN COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG720051047"/>
        </identifiers>
        <balance>92000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>62271.35000000</valUSD>
        <pctVal>0.473465930308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petrobras Distribuidora S.A.</name>
        <lei>549300U7VLJ3SYVNY689</lei>
        <title>PETROBRAS DISTRIBUIDORA SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBRDTACNOR1"/>
        </identifiers>
        <balance>27600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>150393.70000000</valUSD>
        <pctVal>1.143484011236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLDT Inc.</name>
        <lei>254900ADE8GQHM5P2648</lei>
        <title>PLDT INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY7072Q1032"/>
        </identifiers>
        <balance>2100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.98500000"/>
        <valUSD>51465.44000000</valUSD>
        <pctVal>0.391305671522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Astra International Tbk</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>ASTRA INTERNATIONAL TBK PT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000122807"/>
        </identifiers>
        <balance>237300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14462.50000000"/>
        <valUSD>77445.53000000</valUSD>
        <pctVal>0.588839328354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asia Cement Corporation</name>
        <lei>213800EFQXH43HMGJL59</lei>
        <title>ASIA CEMENT CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001102002"/>
        </identifiers>
        <balance>44000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>81501.88000000</valUSD>
        <pctVal>0.619680855419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SFA Engineering Corporation</name>
        <lei>N/A</lei>
        <title>SFA ENGINEERING CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7056190002"/>
        </identifiers>
        <balance>700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>24707.67000000</valUSD>
        <pctVal>0.187859103139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Davivienda S.A.</name>
        <lei>549300P161V4IPKAQS70</lei>
        <title>Banco Davivienda SA PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COB51PA00076"/>
        </identifiers>
        <balance>1700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="3878.00000000"/>
        <valUSD>12581.23000000</valUSD>
        <pctVal>0.095658497308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TURKIYE SISE VE CAM FABRIKALARI ANONIM SIRKETI</name>
        <lei>789000KWOK751Q6R8875</lei>
        <title>TURK SISE VE CAM FABRIKALARI COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRASISEW91Q3"/>
        </identifiers>
        <balance>35400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>31887.73000000</valUSD>
        <pctVal>0.242451042893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Imperial Logistics Limited</name>
        <lei>213800YLKM9YB4HQIQ80</lei>
        <title>IMPERIAL LOGISTICS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000067211"/>
        </identifiers>
        <balance>5300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>22102.55000000</valUSD>
        <pctVal>0.168051670598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fubon Financial Holding Co., Ltd.</name>
        <lei>549300G7Y2TS2XNIB476</lei>
        <title>FUBON FINANCIAL HOLDING CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002881000"/>
        </identifiers>
        <balance>42000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>112640.80000000</valUSD>
        <pctVal>0.856438493187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITAUSA S.A.</name>
        <lei>N/A</lei>
        <title>Itausa SA PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRITSAACNPR7"/>
        </identifiers>
        <balance>15000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>32198.92000000</valUSD>
        <pctVal>0.244817104699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CYFROWY POLSAT SPOLKA AKCYJNA</name>
        <lei>259400EM1ITR201TTX36</lei>
        <title>CYFROWY POLSAT SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLCFRPT00013"/>
        </identifiers>
        <balance>9800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.85250000"/>
        <valUSD>86896.30000000</valUSD>
        <pctVal>0.660696090897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CITIC BANK CORPORATION LIMITED</name>
        <lei>300300C1030211000384</lei>
        <title>CHINA CITIC BANK CORP LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001Q4"/>
        </identifiers>
        <balance>229000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>102548.53000000</valUSD>
        <pctVal>0.779704232496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vieworks Co Ltd</name>
        <lei>N/A</lei>
        <title>VIEWORKS CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7100120005"/>
        </identifiers>
        <balance>1700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>54314.28000000</valUSD>
        <pctVal>0.412966173196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CYIENT LIMITED</name>
        <lei>335800MJOXTUJ22Y4T72</lei>
        <title>CYIENT LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE136B01020"/>
        </identifiers>
        <balance>7900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>104749.45000000</valUSD>
        <pctVal>0.796438423024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yuexiu Transport infrastructure Limited</name>
        <lei>529900M1O3AXRD4IBL13</lei>
        <title>YUEXIU TRANSPORT INFRASTRUCT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG9880L1028"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>21103.70000000</valUSD>
        <pctVal>0.160457143669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yangzijiang Shipbuilding (Holdings) Ltd.</name>
        <lei>254900Z3JEM14YIGLM66</lei>
        <title>YANGZIJIANG SHIPBUILDING COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1U76934819"/>
        </identifiers>
        <balance>42100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.35495000"/>
        <valUSD>42567.62000000</valUSD>
        <pctVal>0.323653137507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dali Foods Group Co Ltd</name>
        <lei>52990093PPQC644N7T38</lei>
        <title>DALI FOODS GROUP CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2743Y1061"/>
        </identifiers>
        <balance>178500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>96701.90000000</valUSD>
        <pctVal>0.735250721979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA HONGQIAO GROUP LIMITED</name>
        <lei>3003009Q4IBFSDE24571</lei>
        <title>CHINA HONGQIAO GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG211501005"/>
        </identifiers>
        <balance>63000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>83501.15000000</valUSD>
        <pctVal>0.634881846412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIMC ENRIC HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>CIMC ENRIC HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2198S1093"/>
        </identifiers>
        <balance>90000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>86975.54000000</valUSD>
        <pctVal>0.661298574066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JBS S.A.</name>
        <lei>529900RM0MTMZL9O5050</lei>
        <title>JBS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRJBSSACNOR8"/>
        </identifiers>
        <balance>13700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>84437.19000000</valUSD>
        <pctVal>0.641998811909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA PACIFIC INSURANCE (GROUP) CO., LTD.</name>
        <lei>529900BA5ILEL308WX03</lei>
        <title>CHINA PACIFIC INSURANCE GR-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000009Q7"/>
        </identifiers>
        <balance>12800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>36071.88000000</valUSD>
        <pctVal>0.274264267952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUROBINDO PHARMA LTD</name>
        <lei>335800G4T2A353RDGM23</lei>
        <title>AUROBINDO PHARMA LTD COMMON STOCK</title>
        <cusip>Y04527142</cusip>
        <identifiers>
          <isin value="INE406A01037"/>
        </identifiers>
        <balance>4600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>56660.08000000</valUSD>
        <pctVal>0.430801925581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KALPATARU POWER TRANSMISSION LIMITED</name>
        <lei>3358005ZIDG7MGP6TY07</lei>
        <title>KALPATARU POWER TRANSMISSION COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE220B01022"/>
        </identifiers>
        <balance>23800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>150766.92000000</valUSD>
        <pctVal>1.146321703923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT United Tractors Tbk</name>
        <lei>529900N9ELYOWQV4FW14</lei>
        <title>UNITED TRACTORS TBK PT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000058407"/>
        </identifiers>
        <balance>19600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14462.50000000"/>
        <valUSD>26494.73000000</valUSD>
        <pctVal>0.201446604060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HON HAI PRECISION INDUSTRY CO., LTD.</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>HON HAI PRECISION INDUSTRY COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002317005"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>78669.77000000</valUSD>
        <pctVal>0.598147556464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou R&amp;F Properties Co., Ltd.</name>
        <lei>529900ICJ8CK8LFWH863</lei>
        <title>GUANGZHOU R&amp;F PROPERTIES - H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000569"/>
        </identifiers>
        <balance>17600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>15423.20000000</valUSD>
        <pctVal>0.117266764512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Mexico, Sociedad Anonima Bursatil de Capital Variable</name>
        <lei>529900JWLZAYET2ZGW20</lei>
        <title>GRUPO MEXICO SAB DE CV-SER B COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP370841019"/>
        </identifiers>
        <balance>17400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>79700.19000000</valUSD>
        <pctVal>0.605982118649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DB INSURANCE CO.,LTD</name>
        <lei>9884000ZF26VNJBWSJ91</lei>
        <title>DB INSURANCE CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005830005"/>
        </identifiers>
        <balance>1800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>89354.49000000</valUSD>
        <pctVal>0.679386374875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REDINGTON (INDIA) LIMITED</name>
        <lei>335800DTFNX7F2LM5227</lei>
        <title>REDINGTON INDIA LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE891D01026"/>
        </identifiers>
        <balance>33800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>148640.06000000</valUSD>
        <pctVal>1.130150611622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASE Technology Holding Co., Ltd.</name>
        <lei>300300GO8QHPMV87NZ73</lei>
        <title>ASE TECHNOLOGY HOLDING CO LT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003711008"/>
        </identifiers>
        <balance>33000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>144555.69000000</valUSD>
        <pctVal>1.099096040912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China BlueChemical Ltd</name>
        <lei>529900A9VMPOCJ331Y42</lei>
        <title>CHINA BLUECHEMICAL LTD - H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002D0"/>
        </identifiers>
        <balance>244000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>76925.55000000</valUSD>
        <pctVal>0.584885779660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAIL (INDIA) LIMITED</name>
        <lei>335800N82LJD42ZA5L32</lei>
        <title>GAIL INDIA LTD COMMON STOCK</title>
        <cusip>Y2R78N114</cusip>
        <identifiers>
          <isin value="INE129A01019"/>
        </identifiers>
        <balance>50100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>93952.23000000</valUSD>
        <pctVal>0.714344236660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWER FINANCE CORPORATION LIMITED</name>
        <lei>3358003Q6D9LIJJZ1614</lei>
        <title>POWER FINANCE CORPORATION COMMON STOCK</title>
        <cusip>Y7082R109</cusip>
        <identifiers>
          <isin value="INE134E01011"/>
        </identifiers>
        <balance>45200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>78932.20000000</valUSD>
        <pctVal>0.600142882791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COCA-COLA ICECEK ANONIM SIRKETI</name>
        <lei>789000WT80VVLUWJDK41</lei>
        <title>COCA-COLA ICECEK AS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRECOLA00011"/>
        </identifiers>
        <balance>6400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>64448.14000000</valUSD>
        <pctVal>0.490016653915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enel Americas S.A.</name>
        <lei>549300LKH11TFCJLZK20</lei>
        <title>ENEL AMERICAS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP371861061"/>
        </identifiers>
        <balance>215216.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="758.88500000"/>
        <valUSD>29910.77000000</valUSD>
        <pctVal>0.227419680869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIGURD MICROELECTRONICS CORP.</name>
        <lei>N/A</lei>
        <title>SIGURD MICROELECTRONICS CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006257009"/>
        </identifiers>
        <balance>58000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>132944.75000000</valUSD>
        <pctVal>1.010814921122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENAGA NASIONAL BERHAD</name>
        <lei>549300FV8X6UID6I1413</lei>
        <title>TENAGA NASIONAL BHD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5347OO009"/>
        </identifiers>
        <balance>28900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.22000000"/>
        <valUSD>66018.01000000</valUSD>
        <pctVal>0.501952800473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PICC Property and Casualty Company Limited</name>
        <lei>300300F1000311000017</lei>
        <title>PICC PROPERTY &amp; CASUALTY-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000593"/>
        </identifiers>
        <balance>94000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>75963.02000000</valUSD>
        <pctVal>0.577567403523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JK PAPER LIMITED</name>
        <lei>335800JW9BQEHI6ASI59</lei>
        <title>JK PAPER LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE789E01012"/>
        </identifiers>
        <balance>20300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>71240.27000000</valUSD>
        <pctVal>0.541659056869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Bank Negara Indonesia (Persero) Tbk</name>
        <lei>549300HZ8J3MLVXQ8F85</lei>
        <title>BANK NEGARA INDONESIA PERSER COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000096605"/>
        </identifiers>
        <balance>67200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14462.50000000"/>
        <valUSD>22210.27000000</valUSD>
        <pctVal>0.168870694917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUJARAT STATE FERTILIZERS &amp; CHEMICALS LIMITED</name>
        <lei>335800KZ8757J7YPWG63</lei>
        <title>GUJARAT STATE FERT &amp; CHEMICA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE026A01025"/>
        </identifiers>
        <balance>50600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>83126.39000000</valUSD>
        <pctVal>0.632032444688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METRO PACIFIC INVESTMENTS CORPORATION</name>
        <lei>N/A</lei>
        <title>METRO PACIFIC INVESTMENTS CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY603051020"/>
        </identifiers>
        <balance>536200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.98500000"/>
        <valUSD>37545.26000000</valUSD>
        <pctVal>0.285466774922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DL E&amp;C CO., LTD.</name>
        <lei>N/A</lei>
        <title>DL E&amp;C CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7375500006"/>
        </identifiers>
        <balance>166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>21142.36000000</valUSD>
        <pctVal>0.160751086114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA YONGDA AUTOMOBILES SERVICES HOLDINGS LIMITED</name>
        <lei>529900G4APWIO18G0C95</lei>
        <title>CHINA YONGDA AUTOMOBILES SER COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2162W1024"/>
        </identifiers>
        <balance>45000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>83848.59000000</valUSD>
        <pctVal>0.637523526781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Philip Morris CR as</name>
        <lei>315700LNPHNXCMNLQC73</lei>
        <title>PHILIP MORRIS CR AS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CS0008418869"/>
        </identifiers>
        <balance>70.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CZK" exchangeRt="21.49885000"/>
        <valUSD>47276.95000000</valUSD>
        <pctVal>0.359459448268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IGG Inc</name>
        <lei>529900VBUXYUOTABSC33</lei>
        <title>IGG INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG6771K1022"/>
        </identifiers>
        <balance>51000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>57883.32000000</valUSD>
        <pctVal>0.440102550421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANHUI CONCH CEMENT COMPANY LIMITED</name>
        <lei>300300JVKW56SSAEQZ33</lei>
        <title>ANHUI CONCH CEMENT CO LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001W2"/>
        </identifiers>
        <balance>7500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>35853.77000000</valUSD>
        <pctVal>0.272605918582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI GREEN FOOD CO.,LTD</name>
        <lei>N/A</lei>
        <title>HYUNDAI GREENFOOD CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005440003"/>
        </identifiers>
        <balance>4100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>35822.65000000</valUSD>
        <pctVal>0.272369304798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shinhan Financial Group Co., Ltd.</name>
        <lei>988400EB8A6G49E5KO54</lei>
        <title>SHINHAN FINANCIAL GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7055550008"/>
        </identifiers>
        <balance>2100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>71475.77000000</valUSD>
        <pctVal>0.543449627117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOBIL'NYE TELESISTEMY PAO</name>
        <lei>2534008FX8EXH1FMJA74</lei>
        <title>MOBILE TELESYSTEMS-SP ADR DEPOSITARY RECEIPT</title>
        <cusip>607409109</cusip>
        <identifiers>
          <isin value="US6074091090"/>
        </identifiers>
        <balance>5800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49822.00000000</valUSD>
        <pctVal>0.378810152338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOPHARM GROUP CO. LTD.</name>
        <lei>529900N54X78YH9JYK92</lei>
        <title>SINOPHARM GROUP CO-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FN7"/>
        </identifiers>
        <balance>37600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>98703.54000000</valUSD>
        <pctVal>0.750469732724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sonata Software Ltd</name>
        <lei>335800G5IMSVQ5JFBB25</lei>
        <title>SONATA SOFTWARE LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE269A01021"/>
        </identifiers>
        <balance>5600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>58125.92000000</valUSD>
        <pctVal>0.441947103890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA LIFE INSURANCE COMPANY, LTD.</name>
        <lei>254900DUWXV1O3KM4P58</lei>
        <title>CHINA LIFE INSURANCE CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002823002"/>
        </identifiers>
        <balance>90063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>84700.77000000</valUSD>
        <pctVal>0.644002881998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The People's Insurance Company (Group) of China Limited</name>
        <lei>3003000P2JHYHQ524P66</lei>
        <title>PEOPLE'S INSURANCE CO GROU-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001MK7"/>
        </identifiers>
        <balance>212000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>65745.74000000</valUSD>
        <pctVal>0.499882657963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAMIL ALIMENTOS S.A.</name>
        <lei>N/A</lei>
        <title>CAMIL ALIMENTOS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCAMLACNOR3"/>
        </identifiers>
        <balance>37100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>63824.89000000</valUSD>
        <pctVal>0.485277915457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANKOOK &amp; COMPANY CO., LTD.</name>
        <lei>N/A</lei>
        <title>HANKOOK &amp; CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000240002"/>
        </identifiers>
        <balance>6900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>107676.59000000</valUSD>
        <pctVal>0.818694260793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Expressway Company Limited</name>
        <lei>529900UWWTWZ6AKLYD43</lei>
        <title>JIANGSU EXPRESS CO LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003J5"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>32041.59000000</valUSD>
        <pctVal>0.243620882122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW CHINA LIFE INSURANCE COMPANY LTD.</name>
        <lei>529900QCDGPLPB62KH67</lei>
        <title>NEW CHINA LIFE INSURANCE C-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001922"/>
        </identifiers>
        <balance>19700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>53869.12000000</valUSD>
        <pctVal>0.409581501215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JUBILANT PHARMOVA LIMITED</name>
        <lei>335800C6LDKWF4HQH833</lei>
        <title>JUBILANT PHARMOVA LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE700A01033"/>
        </identifiers>
        <balance>4400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>40597.19000000</valUSD>
        <pctVal>0.308671424841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA REINSURANCE (GROUP) CORPORATION</name>
        <lei>300300F3000111000079</lei>
        <title>CHINA REINSURANCE GROUP CO-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002342"/>
        </identifiers>
        <balance>740000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>71418.00000000</valUSD>
        <pctVal>0.543010386169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VINDA INTERNATIONAL HOLDINGS LIMITED</name>
        <lei>529900NPG649VG0P5U39</lei>
        <title>VINDA INTERNATIONAL HOLDINGS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9361V1086"/>
        </identifiers>
        <balance>19000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>53544.20000000</valUSD>
        <pctVal>0.407111046502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIN KONG FINANCIAL HOLDING - RTS</name>
        <lei>N/A</lei>
        <title>SHIN KONG FINANCIAL HOLDING - RTS ISSUE 56.31732427:1000 / TERMS 1:1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="645258RT2"/>
        </identifiers>
        <balance>12897.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>447.35000000</valUSD>
        <pctVal>0.003401323143</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <othDeriv derivCat="OTH" othDesc="SHIN KONG FINANCIAL HOLDING - RTS">
            <counterparties>
              <counterpartyName>SHIN KONG FINANCIAL HOLDING - RTS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>N/A</issueTitle>
                <identifiers>
                  <other otherDesc="Other" value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <terminationDt>2021-08-20</terminationDt>
            <notionalAmts>
              <notionalAmt amt="0.00000000" curCd="TWD"/>
            </notionalAmts>
            <delta>XXXX</delta>
            <unrealizedAppr>447.35000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXXARO RESOURCES LIMITED</name>
        <lei>378900BC3D9BFF4E4A37</lei>
        <title>EXXARO RESOURCES LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000084992"/>
        </identifiers>
        <balance>3700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>45787.70000000</valUSD>
        <pctVal>0.348136277392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global Mixed-Mode Technology Inc</name>
        <lei>N/A</lei>
        <title>GLOBAL MIXED-MODE TECHNOLOGY COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0008081001"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>97443.23000000</valUSD>
        <pctVal>0.740887254640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Railway Group Limited</name>
        <lei>529900TFRLG8UDJ7QA89</lei>
        <title>CHINA RAILWAY GROUP LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007Z2"/>
        </identifiers>
        <balance>104000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>48178.20000000</valUSD>
        <pctVal>0.366311895978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dongkook Pharmaceutical Co Ltd</name>
        <lei>N/A</lei>
        <title>DONGKOOK PHARMACEUTICAL CO L COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7086450004"/>
        </identifiers>
        <balance>2500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>54770.70000000</valUSD>
        <pctVal>0.416436458004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UPL LIMITED</name>
        <lei>335800RJSM1SLHO4UA95</lei>
        <title>UPL LTD COMMON STOCK</title>
        <cusip>Y9305P100</cusip>
        <identifiers>
          <isin value="INE628A01036"/>
        </identifiers>
        <balance>8200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>89096.42000000</valUSD>
        <pctVal>0.677424198808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASUSTEK COMPUTER INCORPORATION</name>
        <lei>254900B3WB4OGRB7HM13</lei>
        <title>ASUSTEK COMPUTER INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002357001"/>
        </identifiers>
        <balance>6000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>75308.42000000</valUSD>
        <pctVal>0.572590302529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOPEC ENGINEERING (GROUP) CO., LTD.</name>
        <lei>529900MZVFFC7D57VV51</lei>
        <title>SINOPEC ENGINEERING GROUP-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001NV2"/>
        </identifiers>
        <balance>124000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>70687.09000000</valUSD>
        <pctVal>0.537453079589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Communications Co., Ltd.</name>
        <lei>549300AX1UM10U30HK09</lei>
        <title>BANK OF COMMUNICATIONS CO-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000205"/>
        </identifiers>
        <balance>119000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>68908.72000000</valUSD>
        <pctVal>0.523931651091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAANSHAN IRON &amp; STEEL COMPANY LIMITED</name>
        <lei>529900A75J4LKKIUAJ17</lei>
        <title>MAANSHAN IRON &amp; STEEL-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003R8"/>
        </identifiers>
        <balance>242000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>123940.47000000</valUSD>
        <pctVal>0.942352942910</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOPAC FINANCIAL HOLDINGS COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>SINOPAC FINANCIAL HOLDINGS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002890001"/>
        </identifiers>
        <balance>163000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>81893.44000000</valUSD>
        <pctVal>0.622657992091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMMB HOLDINGS BERHAD</name>
        <lei>254900R0GQB7U67SCH62</lei>
        <title>AMMB HOLDINGS BHD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1015OO006"/>
        </identifiers>
        <balance>72900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.22000000"/>
        <valUSD>49233.41000000</valUSD>
        <pctVal>0.374334943243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LX Holdings Corp</name>
        <lei>N/A</lei>
        <title>LX HOLDINGS CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7383800000"/>
        </identifiers>
        <balance>309.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>2807.26000000</valUSD>
        <pctVal>0.021344357678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Krung Thai Bank Public Company Limited</name>
        <lei>54930007ZQMYCRFQGE36</lei>
        <title>KRUNG THAI BANK PUB CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0150010Z03"/>
        </identifiers>
        <balance>96200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.86750000"/>
        <valUSD>29561.73000000</valUSD>
        <pctVal>0.224765835267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Traditional Chinese Medicine Holdings Co. Limited</name>
        <lei>N/A</lei>
        <title>CHINA TRADITIONAL CHINESE ME COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000056256"/>
        </identifiers>
        <balance>46000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>28708.75000000</valUSD>
        <pctVal>0.218280397434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Maeil Dairies Co., Ltd.</name>
        <lei>988400Q3WG3B93I21326</lei>
        <title>MAEIL DAIRIES CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7267980001"/>
        </identifiers>
        <balance>400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>26672.46000000</valUSD>
        <pctVal>0.202797933359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAIC MOTOR Corporation Limited</name>
        <lei>5299003EYHISIDNLZQ19</lei>
        <title>BAIC MOTOR CORP LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001TJ4"/>
        </identifiers>
        <balance>101000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>36001.11000000</valUSD>
        <pctVal>0.273726184486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magyar Telekom Tavkozlesi Nyilvanosan Mukodo Reszvenytarsasag</name>
        <lei>529900CA1YDA41X76751</lei>
        <title>MAGYAR TELEKOM TELECOMMUNICA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000073507"/>
        </identifiers>
        <balance>26200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="302.40675000"/>
        <valUSD>37081.18000000</valUSD>
        <pctVal>0.281938249060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DONGFENG MOTOR GROUP COMPANY LIMITED</name>
        <lei>3003002JNYOYPX54GE50</lei>
        <title>DONGFENG MOTOR GRP CO LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000312"/>
        </identifiers>
        <balance>80000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>70826.07000000</valUSD>
        <pctVal>0.538509782149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DL Holdings CO.,LTD</name>
        <lei>988400LJMYZ3ZOXJVE47</lei>
        <title>DL HOLDINGS CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000210005"/>
        </identifiers>
        <balance>133.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>9122.97000000</valUSD>
        <pctVal>0.069364410410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Globe Telecom, Inc.</name>
        <lei>254900GPWI1816YIM923</lei>
        <title>GLOBE TELECOM INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY272571498"/>
        </identifiers>
        <balance>1400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.98500000"/>
        <valUSD>52095.63000000</valUSD>
        <pctVal>0.396097176678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NK LUKOIL PAO</name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>LUKOIL PJSC-SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>69343P105</cusip>
        <identifiers>
          <isin value="US69343P1057"/>
        </identifiers>
        <balance>1300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>111657.00000000</valUSD>
        <pctVal>0.848958395482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NetDragon Websoft Holdings Ltd</name>
        <lei>549300OAYL2PBUPUBR89</lei>
        <title>NETDRAGON WEBSOFT HOLDINGS L COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG6427W1042"/>
        </identifiers>
        <balance>28000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>65359.70000000</valUSD>
        <pctVal>0.496947491345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWSZECHNY ZAKLAD UBEZPIECZEN SPOLKA AKCYJNA</name>
        <lei>QLPCKOOKVX32FUELX240</lei>
        <title>POWSZECHNY ZAKLAD UBEZPIECZE COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLPZU0000011"/>
        </identifiers>
        <balance>4300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.85250000"/>
        <valUSD>41967.55000000</valUSD>
        <pctVal>0.319090642864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pou Chen Corporation</name>
        <lei>25490027LIXQ7W4PBH18</lei>
        <title>POU CHEN COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0009904003"/>
        </identifiers>
        <balance>62000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>78262.11000000</valUSD>
        <pctVal>0.595048007134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YiChang HEC ChangJiang Pharmaceutical Co Ltd</name>
        <lei>N/A</lei>
        <title>YICHANG HEC CHANGJIANG PHA-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000023R6"/>
        </identifiers>
        <balance>19600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>15107.67000000</valUSD>
        <pctVal>0.114867704511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Expressway Company Limited</name>
        <lei>300300TWTZYZK4ZONP37</lei>
        <title>SHENZHEN EXPRESSWAY CO-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000478"/>
        </identifiers>
        <balance>64000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>60449.23000000</valUSD>
        <pctVal>0.459611858718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABSA GROUP LIMITED</name>
        <lei>2138006IPPRD4N6XLT30</lei>
        <title>ABSA GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000255915"/>
        </identifiers>
        <balance>7400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>68907.57000000</valUSD>
        <pctVal>0.523922907330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPANHIA PARANAENSE DE ENERGIA</name>
        <lei>2549001AS1I9A71VG663</lei>
        <title>Cia Paranaense de Energia PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCPLEACNPB9"/>
        </identifiers>
        <balance>46000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>53876.06000000</valUSD>
        <pctVal>0.409634267914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RHB BANK BERHAD</name>
        <lei>549300ZHRPSV7QIUJT80</lei>
        <title>RHB BANK BHD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1066OO009"/>
        </identifiers>
        <balance>61300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.22000000"/>
        <valUSD>74228.20000000</valUSD>
        <pctVal>0.564377097463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAIDU, INC.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>BAIDU INC - SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>056752108</cusip>
        <identifiers>
          <isin value="US0567521085"/>
        </identifiers>
        <balance>780.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>127927.80000000</valUSD>
        <pctVal>0.972669692232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASIA CEMENT (CHINA) HOLDINGS CORPORATION</name>
        <lei>5299009O3HFIKDVFFJ49</lei>
        <title>ASIA CEMENT CHINA HOLDINGS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG0539C1069"/>
        </identifiers>
        <balance>85000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>57752.07000000</valUSD>
        <pctVal>0.439104621143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DMCI HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>DMCI HOLDINGS INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY2088F1004"/>
        </identifiers>
        <balance>402100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.98500000"/>
        <valUSD>48266.48000000</valUSD>
        <pctVal>0.366983112714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CATHAY FINANCIAL HOLDING CO., LTD.</name>
        <lei>5299009XR1QLFAMQ3X77</lei>
        <title>CATHAY FINANCIAL HOLDING CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002882008"/>
        </identifiers>
        <balance>40859.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>79336.45000000</valUSD>
        <pctVal>0.603216504968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA MINSHENG BANKING CORP., LTD.</name>
        <lei>549300HBUGSQD1VCXG94</lei>
        <title>CHINA MINSHENG BANKING COR-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000HF9"/>
        </identifiers>
        <balance>88500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>35986.95000000</valUSD>
        <pctVal>0.273618522173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bukit Asam Tbk PT</name>
        <lei>529900XX13TXG5L4CN33</lei>
        <title>BUKIT ASAM TBK PT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000094006"/>
        </identifiers>
        <balance>81200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14462.50000000"/>
        <valUSD>12520.38000000</valUSD>
        <pctVal>0.095195838287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO,.LTD</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
        </identifiers>
        <balance>6500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>443599.22000000</valUSD>
        <pctVal>3.372804947726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Synnex Technology International Corp.</name>
        <lei>529900GMBJ3R4A2WBC71</lei>
        <title>SYNNEX TECHNOLOGY INTL CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002347002"/>
        </identifiers>
        <balance>36000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>68228.14000000</valUSD>
        <pctVal>0.518757017125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONKING HOLDINGS LIMITED</name>
        <lei>5299004M92ACMGS3QI84</lei>
        <title>LONKING HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5636C1078"/>
        </identifiers>
        <balance>152000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>47334.05000000</valUSD>
        <pctVal>0.359893595024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited</name>
        <lei>529900ROARJHMUIME057</lei>
        <title>GUANGZHOU BAIYUNSHAN PHARM-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000387"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>81069.08000000</valUSD>
        <pctVal>0.616390159864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO DO BRASIL S.A.</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>BANCO DO BRASIL S.A. COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBASACNOR3"/>
        </identifiers>
        <balance>10700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>64858.45000000</valUSD>
        <pctVal>0.493136351912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Everbright Limited</name>
        <lei>254900EZ9RZF6UMLY516</lei>
        <title>CHINA EVERBRIGHT LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0165000859"/>
        </identifiers>
        <balance>32000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>35207.14000000</valUSD>
        <pctVal>0.267689415656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Primax Electronics Ltd.</name>
        <lei>254900JO4CQFFG7AIQ15</lei>
        <title>PRIMAX ELECTRONICS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0004915004"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>54979.44000000</valUSD>
        <pctVal>0.418023564728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHIPBOND TECHNOLOGY CORPORATION</name>
        <lei>254900AK7VTHB4UYLR40</lei>
        <title>CHIPBOND TECHNOLOGY CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006147002"/>
        </identifiers>
        <balance>15000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>40228.86000000</valUSD>
        <pctVal>0.305870912147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEIJING ENTERPRISES HOLDINGS LIMITED</name>
        <lei>529900896ODARUEY2V26</lei>
        <title>BEIJING ENTERPRISES HLDGS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0392044647"/>
        </identifiers>
        <balance>9000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>27968.83000000</valUSD>
        <pctVal>0.212654585384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI HOME SHOPPING NETWORK CORPORATION</name>
        <lei>N/A</lei>
        <title>HYUNDAI HOME SHOPPING NETWOR COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7057050007"/>
        </identifiers>
        <balance>1000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>70680.29000000</valUSD>
        <pctVal>0.537401377348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUONS CO., LTD.</name>
        <lei>N/A</lei>
        <title>HUONS CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7243070000"/>
        </identifiers>
        <balance>990.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>52071.29000000</valUSD>
        <pctVal>0.395912113070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAZPROM PAO</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>GAZPROM PJSC-SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>368287207</cusip>
        <identifiers>
          <isin value="US3682872078"/>
        </identifiers>
        <balance>11300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>87959.20000000</valUSD>
        <pctVal>0.668777607314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>El Sewedy Electric Co SAE</name>
        <lei>N/A</lei>
        <title>ELSWEDY ELECTRIC CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EGS3G0Z1C014"/>
        </identifiers>
        <balance>37200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="15.70500000"/>
        <valUSD>20853.52000000</valUSD>
        <pctVal>0.158554957408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EDP - ENERGIAS DO BRASIL S.A.</name>
        <lei>N/A</lei>
        <title>EDP - ENERGIAS DO BRASIL SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRENBRACNOR2"/>
        </identifiers>
        <balance>16200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>53499.74000000</valUSD>
        <pctVal>0.406773005088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lenovo Group Limited</name>
        <lei>254900VUZRGD5U73RE46</lei>
        <title>LENOVO GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0992009065"/>
        </identifiers>
        <balance>88000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>81985.29000000</valUSD>
        <pctVal>0.623356352503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Matahari Department Store Tbk</name>
        <lei>N/A</lei>
        <title>MATAHARI DEPARTMENT STORE TB COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000113301"/>
        </identifiers>
        <balance>142600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14462.50000000"/>
        <valUSD>17797.27000000</valUSD>
        <pctVal>0.135317461360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG EXPRESSWAY CO., LTD.</name>
        <lei>213800X1ZRKM85U9H438</lei>
        <title>ZHEJIANG EXPRESSWAY CO-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004S4"/>
        </identifiers>
        <balance>48000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>40519.10000000</valUSD>
        <pctVal>0.308077685432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shin Kong Financial Holding Co.,Ltd.</name>
        <lei>529900YF6H5G3WJC6V36</lei>
        <title>SHIN KONG FINANCIAL HOLDING COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002888005"/>
        </identifiers>
        <balance>229000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>75091.36000000</valUSD>
        <pctVal>0.570939936593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MTN GROUP LIMITED</name>
        <lei>2549009JD6Q6XHZS5E05</lei>
        <title>MTN GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000042164"/>
        </identifiers>
        <balance>10300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>74104.46000000</valUSD>
        <pctVal>0.563436268748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LX Semicon Co Ltd</name>
        <lei>N/A</lei>
        <title>LX SEMICON CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7108320003"/>
        </identifiers>
        <balance>800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>83390.57000000</valUSD>
        <pctVal>0.634041076739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Pharmaceuticals Holding Co., Ltd.</name>
        <lei>30030029J1KKCBY19820</lei>
        <title>SHANGHAI PHARMACEUTICALS-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000012B3"/>
        </identifiers>
        <balance>36000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>76714.51000000</valUSD>
        <pctVal>0.583281185414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWERTECH TECHNOLOGY INC.</name>
        <lei>254900O6KNZXH2RI9Q14</lei>
        <title>POWERTECH TECHNOLOGY INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006239007"/>
        </identifiers>
        <balance>14000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>55319.15000000</valUSD>
        <pctVal>0.420606471814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIL AND NATURAL GAS CORPORATION LIMITED</name>
        <lei>335800FPDZ9MRSNO7N41</lei>
        <title>OIL &amp; NATURAL GAS CORP LTD COMMON STOCK</title>
        <cusip>Y64606133</cusip>
        <identifiers>
          <isin value="INE213A01029"/>
        </identifiers>
        <balance>47100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>72977.63000000</valUSD>
        <pctVal>0.554868675236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Financiero Banorte, S.A.B. de C.V.</name>
        <lei>N/A</lei>
        <title>GRUPO FINANCIERO BANORTE-O COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP370711014"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>64693.25000000</valUSD>
        <pctVal>0.491880291594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Astral Foods Ltd</name>
        <lei>N/A</lei>
        <title>ASTRAL FOODS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000029757"/>
        </identifiers>
        <balance>3800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>39812.30000000</valUSD>
        <pctVal>0.302703693708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tripod Technology Corporation</name>
        <lei>N/A</lei>
        <title>TRIPOD TECHNOLOGY CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003044004"/>
        </identifiers>
        <balance>11000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>47201.86000000</valUSD>
        <pctVal>0.358888518672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>3SBIO INC.</name>
        <lei>529900P0TQC1E9Y7FN31</lei>
        <title>3SBIO INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8875G1029"/>
        </identifiers>
        <balance>34000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>28307.26000000</valUSD>
        <pctVal>0.215227760284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMK NORIL'SKIY NIKEL' PAO</name>
        <lei>253400JPTEEW143W3E47</lei>
        <title>MMC NORILSK NICKEL PJSC-ADR DEPOSITARY RECEIPT</title>
        <cusip>55315J102</cusip>
        <identifiers>
          <isin value="US55315J1025"/>
        </identifiers>
        <balance>2000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69120.00000000</valUSD>
        <pctVal>0.525538070123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Far East Horizon Limited</name>
        <lei>549300S9XRGO1ZPUHE62</lei>
        <title>FAR EAST HORIZON LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000077468"/>
        </identifiers>
        <balance>75000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>80007.46000000</valUSD>
        <pctVal>0.608318375634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Impala Platinum Holdings Limited</name>
        <lei>254900BZFIFB4PD2Z778</lei>
        <title>IMPALA PLATINUM HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000083648"/>
        </identifiers>
        <balance>4400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>79286.34000000</valUSD>
        <pctVal>0.602835505074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI MARINE &amp; FIRE INSURANCE CO., LTD.</name>
        <lei>988400SYR92543UITC37</lei>
        <title>HYUNDAI MARINE &amp; FIRE INS CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7001450006"/>
        </identifiers>
        <balance>800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>18048.25000000</valUSD>
        <pctVal>0.137225730238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-07-31</ncom:dateSigned>
      <ncom:nameOfApplicant>THE ADVISORS' INNER CIRCLE FUND</ncom:nameOfApplicant>
      <ncom:signature>Eric Olsen</ncom:signature>
      <ncom:signerName>Eric Olsen</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
